2 Gratwicke Road, Worthing, West Sussex, BN11 4BH
£473.93 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,055 sq ft
98 sq m
- SECTOR
Mixed use property for sale
Key features
- Central Location
- Income Producing
- 100% Rate Relief (STS)
- Busy Thoroughfare
Description
Ideally situated in Worthing town centre in Gratwicke Road and close to busy Rowlands Road with its comprehensive shopping amenities, restaurants, pubs. The nearest station is Worthing which is approximately 0.8 miles away with bus services running regularly nearby and ample street parking available.
Description
This mid-terraced property offers a unique opportunity to acquire a well-maintained, mixed-use building comprising a fully let ground-floor commercial premises and a fully let House in Multiple Occupation (HMO) across upper floors. We have been informed the property is generating a rental income of £43,200 per annum, with the commercial unit producing £7,200 annually and the HMO generating £36,000.
Price
Offers are invited in the region of £500,000 for the freehold interest.
Tenure Comments
Freehold investment
EPC
The ground floor has an EPC rating of B - 44.
The flat has an EPC rating of E - 54.
VAT
We are informed that VAT is not applicable on the terms quoted.
Use
We understand the premises benefit from Class E use however, we would advise any potential tenant to check with the Planning Department to ascertain if their use is permitted.
Legal Fees
Each party is responsible for their own legal fees in this transaction.
Viewing
Strictly by appointment with Sole Agents,
Jacobs Steel.
Brochures
2 Gratwicke Road, Worthing, West Sussex, BN11 4BH
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Worthing Station0.6 miles
- West Worthing Station0.8 miles
- East Worthing Station1.3 miles
Notes
Disclaimer - Property reference 1220FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jacobs Steel, Jacobs Steel Commercial, Worthing. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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